4.17 Idea Sharing
After Bitcoin broke above the daily trend line, it entered a period of consolidation. Can we go long now? My view is that there has been no significant breakout, and the current short-term rise is for a larger decline.
Moreover, Ethereum is quite weak. Friends who are watching Ethereum are likely disappointed with the current situation; Bitcoin's breakout surprisingly did not drive Ethereum upward. Regardless of whether it’s the US stock market or Bitcoin, whenever there is a decline, Ethereum always seems to follow. Looking at the larger cycle, if the current position does not hold, revisiting previous lows could lead to a three-digit price.
Just a note: tomorrow, Friday, is the Western Easter holiday market closure, and tonight's price action may determine the market for the next three days.
Trading reference:
Bitcoin near 85700-85200, target 84000
Ethereum near 1660-1630, target 1570
#BTC #今日市场观点
After Bitcoin broke above the daily trend line, it entered a period of consolidation. Can we go long now? My view is that there has been no significant breakout, and the current short-term rise is for a larger decline.
Moreover, Ethereum is quite weak. Friends who are watching Ethereum are likely disappointed with the current situation; Bitcoin's breakout surprisingly did not drive Ethereum upward. Regardless of whether it’s the US stock market or Bitcoin, whenever there is a decline, Ethereum always seems to follow. Looking at the larger cycle, if the current position does not hold, revisiting previous lows could lead to a three-digit price.
Just a note: tomorrow, Friday, is the Western Easter holiday market closure, and tonight's price action may determine the market for the next three days.
Trading reference:
Bitcoin near 85700-85200, target 84000
Ethereum near 1660-1630, target 1570
#BTC #今日市场观点
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BTC
96,480.13
+2.19%
ETH
1,848.76
+4.64%